Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Tuesday, January 06, 2009
Gold Falls into Consolidation Zone of $830 to $890 / Commodities / Gold & Silver 2009
Gold has fallen again today and is down some 1% but continues to consolidate between $830/oz and $890/oz. Gold should remain well bid given the degree of international macroeconomic and geopolitical risk challenging us as we enter the New Year. The Middle East tensions continue to escalate and oil is up another 2.5% again today to some $50 per barrel again. Silver has outperformed even gold in the last 30 days and is trading very well – up nearly 17% versus gold’s rise of 12%.Read full article... Read full article...
Tuesday, January 06, 2009
Strong U.S. Dollar Forces Gold Lower / Commodities / Gold & Silver 2009
THE PRICE OF GOLD fell further in London on Tuesday morning, sliding 2.2% from Monday's US close to hit $840 an ounce – its lowest Dollar-level since Christmas Eve.
European stock markets rallied, while government bonds also retreated, pushing 10-year US Treasury yields up to 2.51%.
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Monday, January 05, 2009
Gold Falls Despite US Fed and ECB Vow to Inflate Out of Recession / Commodities / Gold & Silver 2009
THE SPOT PRICE OF WHOLESALE GOLD slipped for the second session running on Monday, starting New York's first serious trading day of 2009 down 3.3% as Asian stock markets closed sharply higher.The US Dollar knocked the Euro 3¢ lower on the forex market while Gold Prices fell to a six-session low.
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Monday, January 05, 2009
Geopolitics to Drive Gold Prices Higher During 2009 / Commodities / Gold & Silver 2009
Gold has commenced the New Year as it did in 2008 – up sharply in early trading before selling off somewhat. Gold surged (along with oil) on the open in Asia on geopolitical concerns with the Israeli military offensive against Gaza escalating. However, with oil giving up some of its earlier gains and the dollar stronger against most currencies so far this morning, gold has given up its earlier gains.Read full article... Read full article...
Sunday, January 04, 2009
Gold and Crude Oil Trading 2009 Special Report / Commodities / Gold & Silver 2009
Gold Trading: Gold closed higher for the week with very low volume due to the holidays. It is difficult to get a feel for where stocks and commodities are headed in the near term because of this light volume. Generally during holiday season light volume favors the longs and prices generally drift higher, which is what we had last week. The charts below will show you how I see the market and how I react to these salutations.Read full article... Read full article...
Sunday, January 04, 2009
Silver Technicals Point to Correction Lower / Commodities / Gold & Silver 2009
Although silver does not look as vulnerable to a reaction as gold on the charts, it will likely drop in sympathy should gold go into reverse near-term as expected. On the 1-year chart we can see that overall silver still looks good, with it having broken decisively out of the downtrend of the latter half of last year and also clear above its 50-day moving average, which has now turned up, with the MACD indicator trending upwards too. These positive developments have created the conditions for a new uptrend to get underway.Read full article... Read full article...
Sunday, January 04, 2009
Gold Rallying Towards Resistance / Commodities / Gold & Silver 2009
We've been here before haven't we? Gold has been in a rising trend for some considerable time, taking it to trendline or resistance targets, and then "wham!" it gets whacked back down again. Certainly the long-term outlook for gold is excellent, especially given the strong and increasing demand for physical, but over the short to medium-term it now looks set to get taken down again.Read full article... Read full article...
Friday, January 02, 2009
Explosive Gold Price Rally During 2009 / Commodities / Gold & Silver 2009
With more than 20 years of experience in the investment industry, Sheldon Inwentash, chairman and CEO of both Pinetree Capital and Mega Uranium sheds some light on the future of gold and navigating the “murky and tricky” junior space.
The Gold Report: Sheldon, from a macro overview, where do you see the precious metals going? The U.S. government and all central bankers are jumping in at unprecedented levels. The Fed says it's going to throw in everything it's got to stimulate. Is it going to be enough and what will that mean for commodities? Or, if it doesn't work, what does that mean?
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Friday, January 02, 2009
New Gold Stock Investment Environment Into 2009 / Commodities / Gold & Silver Stocks
At Zeal we welcomed the new year by publishing the latest edition of our Favorite Gold-Producing Stocks Research Report. And looking back a lot has happened in the gold stock arena since the last installment. In fact in just over a year the environment in which we trade these stocks has radically changed. While some of the environmental forces have occurred from the inside out, the most impactful are external in nature and have really caught investors off guard.Read full article... Read full article...
Friday, January 02, 2009
Agribusiness ETF Should See Upside Continuation / Commodities / Agricultural Commodities
One sector that I continue to follow closely is agribusiness, which technically argues for upside continuation from a base-like pattern structure that has developed since early October. A hurdle of key resistance at 29.25/75 in the Market Vectors Agribusiness ETF (AMEX: MOO) should trigger upside continuation towards 35.00-36.00 thereafter.Read full article... Read full article...
Friday, January 02, 2009
The Ghost of Crude Oil Futures (Part 2) / Commodities / Crude Oil
Happy New Year. Welcome is the psychological reset of the scorecard to our portfolios. Most investors are eager to pretend that the new year will begin with a clean slate, with fresh money and no losses glaring at them from half-opened portfolio statements.Read full article... Read full article...
Friday, January 02, 2009
Gold Tumbles in Quiet Start to 2009 / Commodities / Gold & Silver 2009
THE SPOT PRICE of wholesale gold bullion slipped into the first, quiet session of 2009 trading on Friday, recording a London AM Gold Fix of $869.75 an ounce – some 3.4% above the start of 2008 for Dollar investors.Read full article... Read full article...
Friday, January 02, 2009
Randgold Resources, In Gold We Trust / Commodities / Gold & Silver Stocks
In the closing weeks of 2008, Americans have once again been shocked by a massive Wall Street scandal. Former Nasdaq chairman, Bernie Madoff was arrested for masterminding a $50 billion fraud. The Bernie Mad(e)off with investors' money Ponzi scheme is just the latest Wall Street scandal to see the light of day.Read full article... Read full article...
Wednesday, December 31, 2008
How to Invest in Crude Oil 2009 / Commodities / Crude Oil
Oil as a commodity is an interesting real asset. What investments most directly create the economic effect of owning oil itself?
The best answer would be to own an oil well, or better yet, own an entire oil exporting country. However, neither of those options is a practical answer for most investors, certainly not owning a country (unless, of course you are born into the right family).
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Wednesday, December 31, 2008
Gold Shines Following Feds Fight Against Deflation / Commodities / Gold & Silver
Don Miller writes: The currency markets reaction to the Federal Reserve's recent interest rate cuts has ignited a rally in gold, as investors weigh the benefits of owning the yellow metal versus U.S. Treasuries and the dollar.Read full article... Read full article...
Wednesday, December 31, 2008
Stocks Suffer Record Loss for 2008 Whilst Gold Gains / Commodities / Gold & Silver
THE PRICE OF GOLD BULLION slipped into the New Year's shutdown on Wednesday, ending 2008 a little shy of 3% above the close of 2007 for US investors at $865 an ounce.Read full article... Read full article...
Wednesday, December 31, 2008
Agri-Foods Strong Bull Market Investment Fundamentals / Commodities / Agricultural Commodities
Gold Bugs, and others deemed misguided by the Street, missed out on another one. If they had listened to really smart people, they would have had their money with Bernie Madoff. Are Gold Bugs ever going to truly understanding real investing? You kept your wealth in Gold coins locked away at the bank or in a Gold ETF. You could have had your wealth with some really big name hedge fund-of-funds instead. You too could have had your wealth vaporized. Oh well, maybe you will get it right next time.Read full article... Read full article...
Tuesday, December 30, 2008
U.S. Government Sanctioned Gold Price Manipulation / Commodities / Gold & Silver
The Office of the Comptroller of the Currency just released its Q3/08 Quarterly Derivatives Fact Sheet today. Here is one of the highlights:
Take a look at J.P. Morgan's gold derivatives [futures] position, paying particular attention to how the < 1 yr. position changed from the end of Q2/08 to the end of Q3/08:
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Tuesday, December 30, 2008
Central Banks Fight to Prevent Hyperinflation by Manipulating Gold Price / Commodities / Gold & Silver
The global gold trade – or at least its price discovery – is historically and primarily conducted on major exchanges; primarily at the London Bullion Market Association [LBMA] and to a lesser extent the New York Commodities Exchange [COMEX].Read full article... Read full article...
Tuesday, December 30, 2008
Silver Ripe for Another Upleg / Commodities / Gold & Silver 2009
The iShares Silver ETF (AMEX: SLV) has carved out an intriguing pattern since early October, which has the look of a base, an attempted upside breakout, followed by a (recent) sideways consolidation (between 11.50 and 10.00). Some people might even call this pattern a "cup and handle," which if accurate means that after another few sessions of sideways digestion circling 10.50, the SLV should take off to the upside into a new upleg that propels prices towards 12.50 next. Only a breach of 10.00 will wreck the developing pattern set-up.Read full article... Read full article...